About Heart Aerospace
Heart Aerospace is a company based in Goteborg (Sweden) founded in 2018 by Klara Forslund and Anders Forslund.. Heart Aerospace has raised $154.23 million across 8 funding rounds from investors including United Airlines, Air Canada and Mesa Airlines. Heart Aerospace offers products and services including ES-30™. Heart Aerospace operates in a competitive market with competitors including Beyond Aero, Skydweller, Zunum Aero, Ampaire and VoltAero, among others.
- Headquarter Goteborg, Sweden
- Founders Klara Forslund, Anders Forslund
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Sectors
Transportation, Automotive & LogisticsAerospace, Defense & Maritime
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Email
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Phone
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Website
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Social
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- Legal Name Heart Aerospace Ab
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$154.23 M (USD)
in 8 rounds
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Latest Funding Round
$107 M (USD), Series B
Feb 01, 2024
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Investors
United Airlines
& 11 more
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Employee Count
Employee Count
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Products & Services of Heart Aerospace
Heart Aerospace offers a comprehensive portfolio of products and services, including ES-30™. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Hybrid-electric aircraft for zero-emission regional flights.
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Funding Insights of Heart Aerospace
Heart Aerospace has successfully raised a total of $154.23M across 8 strategic funding rounds. The most recent funding activity was a Series B round of $107 million completed in February 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Series B — $107.0M
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First Round
First Round
(19 Mar 2019)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2024 | Amount | Series B - Heart Aerospace | Valuation | European Union , United Airlines | |
| Jun, 2023 | Amount | Grant - Heart Aerospace | Valuation |
investors |
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| Nov, 2022 | Amount | Grant - Heart Aerospace | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Heart Aerospace
Heart Aerospace has secured backing from 12 investors, including venture fund and institutional investors. Prominent investors backing the company include United Airlines, Air Canada and Mesa Airlines. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Sagitta is operated as a private holding company for investments.
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Founded Year | Domain | Location | |
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Climate solutions are advanced via venture capital and startup acceleration.
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Founded Year | Domain | Location | |
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Venture capital investments in technology and innovation sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Heart Aerospace
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Heart Aerospace
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Heart Aerospace Comparisons
Competitors of Heart Aerospace
Heart Aerospace operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Beyond Aero, Skydweller, Zunum Aero, Ampaire and VoltAero, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Hydrogen-powered electric aircraft are developed for aviation applications.
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| domain | founded_year | HQ Location |
Solar-powered unmanned perpetual flight vehicles are developed for various industries.
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| domain | founded_year | HQ Location |
Hybrid electric aircraft are developed for regional passenger flights.
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| domain | founded_year | HQ Location |
Hybrid-electric propulsion systems for aviation are manufactured and developed.
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| domain | founded_year | HQ Location |
Electric-hybrid aircraft and powertrains are developed for aviation uses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Heart Aerospace
Frequently Asked Questions about Heart Aerospace
When was Heart Aerospace founded?
Heart Aerospace was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Heart Aerospace located?
Heart Aerospace is headquartered in Goteborg, Sweden. It is registered at Goteborg, Vastra Gotaland, Sweden.
Who is the current CEO of Heart Aerospace?
Anders Forslund is the current CEO of Heart Aerospace. They have also founded this company.
Is Heart Aerospace a funded company?
Heart Aerospace is a funded company, having raised a total of $154.23M across 8 funding rounds to date. The company's 1st funding round was a Grant of $51.77K, raised on Mar 19, 2019.
What does Heart Aerospace do?
Heart Aerospace was founded in 2018 in Gothenburg, Sweden, where operations center on the aerospace sector. Electric aircraft are manufactured, with a focus on multi-seater models designed for commercial aviation. Electrification is integrated to reduce maintenance requirements and fuel expenses, while low noise emissions and environmentally sustainable features are emphasized in the aircraft designs. Leadership includes co-founders handling CEO and CBO roles, alongside a chief of staff for corporate affairs.
Who are the top competitors of Heart Aerospace?
Heart Aerospace's top competitors include Beyond Aero, Skydweller and Zunum Aero.
What products or services does Heart Aerospace offer?
Heart Aerospace offers ES-30™.
Who are Heart Aerospace's investors?
Heart Aerospace has 12 investors. Key investors include United Airlines, Air Canada, Mesa Airlines, Saab, and European Union.